New Jersey online casinos have broken the record again!
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Online casinos saw a combined net of $87.77 million come in during the month of August. If we compare this to last year, the sum is more than twice August 2019's $41.1 million.
On a 2020 streak...
If you recall from our article on this past July, that was also a record-breaking month. The closing of the Atlantic City casinos was very good for the online casino industry in New Jersey.
But August’s total beat July's record of $87.5 million.
This means that, even with the reopening of the Atlantic City casinos, online casinos are still stronger than ever before.
August's Top Earners
It will come as no surprise that the Golden Nugget brought home first prize again this month. They netted an enormous $27.65 million, which is up 84.5% for them. Trailing rather far behind them are the 2nd and 3rd place online casinos:
- Borgata's net: $19.8 million
- Resorts' net: $17.9 million
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Online Poker also Earns Bank
It has been a surprise for many in the online casino industry that online poker has not had more success. Despite the huge poker boom of the early 2000s and the increasing availability of poker sites, it just hasn't taken off as expected.
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But August 2020 was a positive change for poker as well. Net income on poker went up 77.7%. This brought the revenue to over $3 million.